Home Depot CEO sees more growth ahead

ATLANTA — Home Depot CEO Craig Menear told CNBC he doesn’t see the company’s fortunes fading soon.  With rising home values strengthening the housing market, and homeowners staying in their homes longer, renovation spending is on the upswing. “If people aren’t moving, they’re clearly investing in their homes,” he said. “That is a project driver.” Even the coveted millennial demographic, so far slow to invest in home ownership, has been warming up, with 35% of new household formation coming from the tail end of that generation.